Onyxcoin(XCN) Startup Free Offering on Gate.io

Gate.io Startup will launch its next project, Chain (XCN), on April 1st, 2022 at 04:00 AM(UTC).

Startup Link: https://www.gate.io/startup

Introduction to Chain (XCN)

Chain is a cloud blockchain infrastructure that enables organizations to build better financial services from the ground up. Chain has launched Chain Core which is a permissioned and open source blockchain and Sequence, its ledger as a service product. Clients can receive discounts and pay for commercial fees with Chain Tokens (XCN) as well as participate in community protocol governance with access to premium features.

(The information below is provided by the Chain team. Please follow the website for more information）

Token Information
Token name: Chain
Token symbol: XCN
Max Supply: 68,895,442,185 XCN
Token Type: ERC20
Token Contract: 0xA2cd3D43c775978A96BdBf12d733D5A1ED94fb18
Token Distribution and Unlocking Rules:
*Ecosystem Incentives: 22.39%
Begins from April 2022 with 100,000,000 tokens released monthly.
*Treasury1: 21.77%
Begins from April 2023 with 100,000,000 tokens monthly.
*Treasury2: 4.36%
Unlocked
*DAO Incentives: 14.52%
Determined by DAO/Governance Smart Contract
Team & Advisors: 7.26%
Begins from April 2023 with 100,000,000 tokens monthly.
*Sequence Distribution: 29.70%
Distributed to Sequence clients retroactively and currently, for free, as part of a distribution program.

Website: http://www.chain.com
Whitepaper: http://www.chain.com/Whitepaper.pdf
Token Information: https://etherscan.io/token/0xA2cd3D43c775978A96BdBf12d733D5A1ED94fb18

Chain Startup Sale Rules

(1) Duration: 04:00 AM on April 1st - 04:00 AM on April 2nd(UTC), 2022 (Orders placed by qualified users within these 24 hours will be treated equally.)
(2) To participate in the Startup Sale, users will need to be VIP1 and above.
(3) Price: $0; Market Price(Reference): $0.078; Startup Supply: 2,833,564 XCN
(4) Purchase limit: The maximum subscription limit for a single user is 1000 shares; the relationship between the VIP level and the maximum subscription allocation is:
the maximum number of subscriptions (not the final actual subscription number) = the square of the VIP level multiplied by 10. For example:
VIP2 users can subscribe up to 2 * 2 * 10 = 40 shares
VIP3 users can subscribe up to 3 * 3 * 10 = 90 shares
(5) Unlocking Rule: Unlock
(6) Users place orders using USDT.
(7) Users can place orders from 04:00 AM on April 1st - 04:00 AM on April 2nd(UTC), 2022. Orders placed by qualified users within these 24 hours will be treated equally.
(8) Users need to ensure that there is sufficient balance (exceeding the purchase value) in accounts for the purchase after placing the orders until we announce the sale result. An insufficient balance will result in the cancellation of the purchase order.
(9) Each type of currency can only be purchased once with each KYC account.
(10) After 04:00 AM on April 2nd(UTC), 2022, we will collect all the qualified orders and distribute the tokens according to the ratio of the individual purchase orders to the purchase orders in total.
(11) Trading starts time: 09:00 AM(UTC) on April 2nd, 2022

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